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Deep Polymers Limited IPO (Deep Polymers Limited) Detail

Aug 8, 2018 - Aug 13, 2018

Incorporated in 2005, Gujarat based Deep Polymers Limited is a company engaged in the business of manufacturing color and additive masterbatches including antifab fillers, transparent fillers and color fillers etc. The products are used in engineering plastics and compounds and are cost-effective replacements for polymers.

The company started its facility at Ahmedabad to manufacture plastic masterbatches with 600 MT productions per annum in the year 1992. Today, it has achieved production of color masterbatches and filler masterbatches of 12,000 MT and 25,000 MT respectively.

Deep Polymer's total revenues, as restated for the year ended March 31, 2018, is Rs. 4,110.09 Lakh. The
The company's restated net profit after tax for the year ending March 31, 2018, is Rs. 214.73 Lakh.

Company Promoters:

The promoter of the company is Rameshbhai Bhimjibhai Patel. He holds 33,00,000 Equity Shares constituting 31.39% of the Pre Offer Capital.

Company Financials:

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,904.30 3,009.04 2,539.78 2,637.90 2,321.31
Total Revenue 4,110.09 4,274.43 3,600.85 4,113.89 3,473.07
Profit After Tax 214.73 128.02 (35.41) 67.05 (36.06)

Objects of the Issue:

The Offer includes a fresh Issue of 13,60,000 Equity Shares and an offer for sale of 24,50,000 Equity Shares. The Company proposes to utilize the funds raised through the fresh issue to meet-
1. Working capital requirement;
2. Issue Expenses; and
3. General corporate purpose

Issue Detail:

  »»  Issue Open: Aug 8, 2018 - Aug 13, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,810,000 Equity Shares of Rs 10 aggregating up to Rs 15.24 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 40 Per Equity Share
  »»  Market Lot: 3000 Shares
  »»  Minimum Order Quantity: 3000 Shares
  »»  Listing At: BSE SME

Deep Polymers Limited Reviews / Recommendations:

Dilip Davda - Other

 

Deep Polymers Limited Subscription Status / Live Bidding Status

This section is moved. Please click 'Subscription (Live)' tab on top of the page.

 

Deep Polymers Limited Prospectus

Deep Polymers Limited Rating

57
2.9
Rating:Rated 2.9 stars

Vote Here ...

Deep Polymers Limited News Alerts

  1. Monday, August 13, 2018 12:00:00 AM
    Deep Polymers Limited Closes on Aug 13, 2018
  2. Wednesday, August 8, 2018 12:00:00 AM
    Deep Polymers Limited Opens on Aug 8, 2018

Company Contact Information

Deep Polymers Limited
Block No. 727B/H, Bhavi Industries
Rakanpur (Santej), Tal Kalol,
D Gandhinagar- 380 060
Phone: +91-2764-286032
Fax:
Email: info@deeppolymer.in
Website: http://www.deeppolymer.in/

Deep Polymers Limited Registrar

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   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

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Deep Polymers Limited Review / Comments

avatar
12. IPOANALYSIS  Aug 10, 2018 13:01 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
All corporate section bids to be rejected and withdrawn post closing. All retailer who applied will loose money .Motive is just to get as many Bakre retailers who can subscribe
avatar
12.1. khushbir singh  Aug 13, 2018 16:07 I Like It. | Report Abuse
Well said, appreciate you.
avatar
11. IPOANALYSIS  Aug 10, 2018 18:09 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
A very poor track record of lead manager gretex

1)Kids medical issued at 30 rs hitting continuous lower circuit and is now at 14 rs.
2)Deabpock recently issued at 20 rs is now at 14 rs.
3)diggi multoirade at 13 rs is at 8 rs

These were small issues which have now halved the issue price

Just imagin what will be fate of this large issue of this lead manager.
avatar
10. IPOANALYSIS  Aug 10, 2018 17:18 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
everyone who will apply will get full allotment whether in hni and retail category as the bids for corporate section are fake ones and ought to have technical rejection

avatar
9. Abhishek Shahi  Aug 10, 2018 16:02 I Like It. | Report Abuse Reply
As of now, issue subscribed.
avatar
8. IPOANALYSIS  Aug 8, 2018 17:52 I Like It. 5 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
I have been told by insider news that this is doing fake subscription as corporate section who applied will provide incorrect details which will be automatically cancelled.
They know few retgailer will get trapped easily by checking the subscription

Out of total subsciption just minus the corporate subscription which is its actual subscription detail.

a new good strategy applied by lead manager to trap innocent retailer.

this is a company which cannot pay TDS for multiple years .
so what can you epect from usch company

stay away and instead by quality names like shree oswal seeds, ganga forging and ushanti chemical from secondary market.
avatar
8.1. khushbir singh  Aug 9, 2018 10:20 I Like It. | Report Abuse
Agreed with you.
avatar
7. IPOANALYSIS  Aug 8, 2018 18:09 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)

Read below in prospectus. This company has lot of ligitation where in they have not paid income tax and TDS

Also, on multiple occasion they have provide incorrect details which is supppose to indulge in penalties
A clear case of this sme shuld have been cancelled where in bad management is using offer for sale to exit their promoter


Our Company, Promoters and Group Entities have currently pending Income Tax Proceedings, Outstanding
Demands and defaults in payment of TDS and any adverse decision in such proceedings may render us liable to
liabilities and penalties and may adversely affect our business and results of operations.


Name of our Promoter, Mr. Rameshbhai Patel being different in some government identification proof which
may result in defamation of him resulting the negative impact on our Company.

Our Company has issued 1,38,000 equity shares on March 31, 2007, which the company has inadvertently
mentioned as 1,41,000 equity shares in e-form 2, for return of allotment, and in the list of allottees, filed with
Registrar of Companies.
Our Company has filed e-form 2 with Registrar of Companies, Ahmedabad under Companies Act, 1956 for the
further issue of 1,38,000 equity shares on March 31, 2007, in which the Company has inadvertently mentioned
1,41,000 equity shares and also in the list of allottees. However, the correct Paid-Up Capital was shown in the
Annual Return filed by the Company for the financial year 2006-2007 and further the MCA Master Data shows the
correct Paid-Up Capital as on date. Though till date we have not been issued any notices from any Authority
including ROC we cannot assure that we will not be subject to any penalties for the said erroneous filings in the
future. Such erroneous filings may in future render us liable to statutory penalties or disallowing the resolutions
passed for such issuance of Paid-Up Capital which may have adverse effect in operations of our Company.
avatar
6. IPOANALYSIS  Aug 5, 2018 16:45 I Like It. 2 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
A fraud company which has defaulted on TDS for many years.

Stay away with such management and bad lead manager
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6.3. Small Investor  Aug 8, 2018 11:51 I Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
but sir Corporate already 1x subscripts ho chuka h ye keval retailers ko fanshane k liy h
avatar
6.4. IPOANALYSIS  Aug 8, 2018 13:46 I Like It. | Report Abuse
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
As i said before corporate can be clearly false subscription
they can easily get technical rejection.
it will be a tsrategy to get retailer subscribe as many retailer just look at HNI subscription

Only Inndividual section in sme is genuine.
It is bad management company who defaulted in payment.
avatar
5. Small Investor  Aug 8, 2018 11:48 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
NII 0.97% Subscrips
keep away because this is a game for trep of Retailers
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4. S Patel  Aug 8, 2018 09:45 I Like It. | Report Abuse Reply
big avoid.. expensive..
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3. VIE  Aug 8, 2018 08:51 I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
Out of total issue size of 15.24 cr., 9.80 was ofs went to promoters. Its Better to avoid and wait for better opportunities. Happy investing 😀 😀
avatar
2. IPOANALYSIS  Aug 5, 2018 11:47 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1500+ Posts, 1100+ Likes)
Clear avoid. BSE issue and priced too expensive. Also lead manager has bad track record
avatar
1. Small Investor  Aug 3, 2018 16:49 I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
avoid
avatar
13.1. master strock  Aug 3, 2018 18:12 I Like It. | Report Abuse
I endorse your views.
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